Michael L. Bailey

Lionhart is an active, research-driven manager which seeks to provide strong, absolute, non-correlated annual returns on a consistent basis while maintaining a strong commitment to preserving investor capital. The firm develops in-house quantitative models and employs a selective trading process based on a bottom-up approach. Their selection process is based on quantitative, credit and fundamental research. They actively trade all positions, generating returns by trading the volatility inherent in their investment strategies, hedging their positions on a macro and micro basis. Lionhart actively pursues opportunities in all markets, establishing a local presence where necessary. Their investment strategies include warrant arbitrage, convertible bond arbitrage, distressed debt arbitrage, merger and acquisition arbitrage, relative value arbitrage and capital structure arbitrage.